Ahluwalia Contracts near multiple breakouts. 200 SMA and Trendline BO above 306.
Buy at CMP and on dips till 300 Target 360/400 and beyond. Fundementally good share hence no SL but if you want to keep then it should be 260 on closing basis.
As seen there is a confluence of two supports coinciding. Quick a formidable force to beat for the bears: - Strong support between 300 to 320 formed in two time frames - 200 day EMA coinciding with this support zone. The stock bounced off after testing this last week. This support should hold and stock should move to test 400 levels now. Safe pick in a toppish market ??